Cowards. Saleen spends the year sticking it to the OTCBB
investors by discounting shares to converted shareholders and now they cannot face
the music. "Limited supply of chassis " is code for "Saleen did not tune and sell very many cars" this quarter or year.
The Revenue is going to be even lower than last year! This is 2015. Year One of a new Mustang platform and Saleen missed it. It's gone. They missed the boat and it left the dock already.
The Revenue will be down, The Expenses will be up and the debt will be more delinquent than ever. Still no funding source announced.
I will make the following predictions:
1) The 10K for 2014 will never be published. It's too bad to even be released.
2) The CFO, David Fiene will resign within 15 days (he is probably being pressured right now to cook the
books) and he has been pushed as far as he can go without risking his license. Although, the last 10Q
has some Red Flag issues where he is exposed already.
3) Saleen will discretely move it's assets to Greentech in Missouri
4) Saleen will wait until the last possible moment before filing for Chapter 7 bankruptcy protection from
It's creditors (Citizens Bank, Vendors, Lenders and yes, Customer's who put down $1.1M of deposits)
5) SLNN will be delisted and the OTCBB shareholders will lose what is left of their investment
6) The Saleen BOD's will wake up to find no Saleen checks in their mailbox
7) Steve Saleen will be named the new CEO of SMI and he will have a press conference with
the Robinsonville Gazette where he will unveil........drum rollllll a top secret rendering of an EV Supercar .
Life goes on for Saleen. Business as usual.
These comments are MY OPINION and I will not be silenced by intimidation.
Invest based on your own research and conclusions.
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